[Devils-list] Continental Airline in trouble
MikeNJ1109@aol.com
MikeNJ1109@aol.com
Sun, 16 Sep 2001 16:43:07 EDT
In a message dated 9/16/01 1:55:23 PM Eastern Daylight Time,
worlok@earthling.net writes:
<< All,
This whole WTC thing means that Continental is laying off 12000 workers
and may have to file for Chapt. 11 protection.
>>---worlok----> >>
You'll note, though, that a number of airlines have said the same thing.
With the economy in general...minus this whole WTC mess...there has been a
drop off of business related travel, which is where the airlines get most of
their revenue. My impression is that while I believe what Bethune is saying
is true about the financial straits of Continental, I also believe that the
industry as a whole is making an effort for assistance from the Federal
Government.
Michael